The global sunscreen chemicals in the global cosmetic chemical market is projected to reach $1.8 billion by 2028, at a CAGR of 5.6% during 2023-2028. The growth of sunscreen chemicals in the global cosmetic chemical market is driven by growing cases of skin care and skin disorders, increasing consumer awareness about skin protection against the UV rays of the sun, and emerging demand for organic and natural skin care products, globally.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the sunscreen chemicals in the
global cosmetic chemical market by form (cream, gel, lotion, liquid, spray, lip
balm, wipes, sticks, and others), distribution (offline and online), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the sunscreen chemicals in the global cosmetic
chemical market?
Q.4 What are some
changing demands of customers in the sunscreen chemicals in the global cosmetic
chemical market?
Q.5 What are the new
developments in the sunscreen chemicals in the global cosmetic chemical market?
Which companies are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this sunscreen chemicals in the global
cosmetic chemical area and how big of a threat do they pose for loss of market
share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this sunscreen chemicals in the
global cosmetic chemical market?
Market Segmentation:
Based on form, the
sunscreen chemicals in the global cosmetic chemical market is segmented into
cream, gel, lotion, liquid, spray, lip balm, wipes, sticks, and others. The lotion
segment accounted for the largest share of the market in 2023 and is expected
to register the highest CAGR during the forecast period, as it has high
moisture content that helps in hydrating the skin and counteracting the drying
effect of sun exposure.
North America will
remain the largest region due to increasing demand for organic and natural
formulations and growing awareness of harmful effects of prolonged sun exposure
among consumers in the region.
Key Players in the
sunscreen chemicals in the global cosmetic chemical market are SOLVAY SA, Croda
International PLC, Evonik Industries AG, Stepan Company, Symrise, and Ashland.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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